Forum Financial Management LP Acquires 787 Shares of The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

Forum Financial Management LP boosted its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,438 shares of the entertainment giant’s stock after purchasing an additional 787 shares during the quarter. Forum Financial Management LP’s holdings in Walt Disney were worth $2,351,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DIS. Vanguard Group Inc. lifted its position in Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the period. Legal & General Group Plc lifted its holdings in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after acquiring an additional 425,438 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after acquiring an additional 293,482 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Walt Disney by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock valued at $988,290,000 after purchasing an additional 102,210 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DIS shares. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley cut their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. dropped their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Read Our Latest Stock Analysis on DIS

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $95.81 on Monday. The stock’s fifty day moving average price is $93.16 and its two-hundred day moving average price is $97.34. The Walt Disney Company has a 1 year low of $81.82 and a 1 year high of $123.74. The firm has a market cap of $173.76 billion, a PE ratio of 36.85, a PEG ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Walt Disney Company Profile

(Free Report)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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